The quantity and quality of foreign trade and foreign investment have risen, and the high-level opening-up has reached a new level

2022-08-26

The data of foreign trade and foreign investment in the first seven months all achieved double-digit high-speed growth, and structural highlights appeared frequently, which became a bright color in the current world economic and trade situation and a vivid annotation of China's high-level opening up. It is worth noting that China's market is still promoting a higher level of opening up, including the construction of an open platform, the holding of major international exhibitions, the introduction of more opening measures, and the construction of a global high-standard free trade zone network. A series of arrangements are being accelerated to promote mutual benefit, win-win results and common development in open cooperation. The expansion of trade and investment in the "circle of friends" has made new breakthroughs in 18 important activities. Guests and merchants from more than 70 countries and regions, and more than 2000 exhibitors have brought more than 20000 kinds of exhibits... The sixth Silk Road International Expo and China East West cooperation and investment and trade fair, which just concluded on August 18, have demonstrated the great attraction of the "the Belt and Road" cooperation. According to the data of the national development and Reform Commission, by the end of July 2022, China had signed more than 200 cooperation documents with 149 countries and 32 international organizations along the "the Belt and Road". According to China National Railway Group Co., Ltd., on August 21, with the China Europe Express (Xi'an Hamburg) departing from Xi'an international port station, the total number of China Europe trains has reached 10000 this year, breaking 10000 10 days earlier than last year. Not only has the "the Belt and Road" been steadily deepened and implemented, but China's economic and trade "circle of friends" is also expanding. According to the statistics of the Ministry of Commerce, China has signed 19 free trade agreements with 26 countries and regions. The free trade partners cover Asia, Oceania, Latin America, Europe and Africa. The trade volume between China and the free trade partners accounts for about 35% of the total foreign trade. During this period, China's foreign economic and trade cooperation has reached a higher level, and the cause of opening up has made historic achievements. In 2012, China's total trade in goods and services was US $4.4 trillion, ranking the second in the world. By 2021, the total trade volume of goods + services will increase to US $6.9 trillion, ranking first in the world for two consecutive years. China's two-way investment also ranks among the top in the world. In 2021, the foreign capital attracted will reach 1.15 trillion yuan, an increase of 62.9% over 2012. Since 2017, China has ranked second in the world in attracting foreign capital for four consecutive years. The flow of foreign investment ranks among the top three in the world, and the economic and trade cooperation under the "the Belt and Road" has been promoted with high quality. At present, in the face of multiple challenges at home and abroad, China's foreign trade and foreign investment are still rising in both quantity and quality. In the first seven months, the total value of imports and exports of goods was 23.6 trillion yuan, a year-on-year increase of 10.4%, and exports to major trading partners went hand in hand; The amount of foreign capital actually used in China was 798.33 billion yuan, an increase of 17.3% on a year-on-year basis according to comparable standards. The investment in high-tech industries increased rapidly, and the leading role of major projects was obvious. The 2022 China International Trade in services Fair will be opened in Beijing at the end of August and the beginning of September. The Fifth China International Import Expo will be held in Shanghai in November. Many countries and regions will actively participate and share China's opening and development opportunities. Wang Xiaohong, deputy director of the scientific research and Information Department of the China Center for international economic exchanges, told the reporter of the economic information daily that foreign trade and

Edit:Wei Li Bin    Responsible editor:Yin Bing

Source:Economic Information Daily

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